On October 6, Bloom Energy Corp rose 3.22% in regular trading, trading at $296.04/share, with Turnover of $187 million.
The move follows Barclays' recent adjustment of its price target on Bloom Energy to $308 from $276, while maintaining an Equal Weight rating. This marks the second upward target revision in a short span, after Jefferies raised its target to $264 from $229, citing order strength and planned capacity expansion to 2 gigawatts by the end of 2026. In the options market, institutional activity has signaled a complex stance, including a large $6.1 million net-credit call-plus-put double-sell strategy, suggesting expectations for range-bound movement despite the positive target revisions.
Within the Heavy Electrical Equipment sector, notable movers include NANO Nuclear Energy Inc up 4.26%, NuScale Power up 3.65%, X-Energy up 3.45%, Forgent Power Solutions, Inc. up 2.49%, and GE Vernova Inc. up 0.91%.
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally, serving utilities, data centers, and other industries.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)